The long-term market dynamics of Bitcoin are in a new round of speculation with an early Bitcoin investor and entrepreneur, Michael Terpin, publishing a new price forecast before the next halving period. Terpin says that Bitcoin may hit a cyclical low of about 60,000 in the fourth quarter of 2026, which will prepare what he deems may be a major accumulation phase before the market is propelled by new demand in 2028 and 2029.
LATEST: ⚡️ Early Bitcoin investor Michael Terpin says Bitcoin may bottom out at ~$60,000 in Q4 2026, presenting a buying opportunity before massive accumulation begins in 2028 and 2029 after the next halving. pic.twitter.com/IwUh43gDVm
— CoinMarketCap (@CoinMarketCap) January 1, 2026
Price Weakness Before the Next Expansion Phase
The forecast arrives when the institutional demand, market sentiment, and macroeconomic uncertainty remain to affect the multi-year performance of Bitcoin. Although most analysts hold that historically halvings cause significant bull runs within 12-18 months, Terpin is more optimistic that the biggest accumulation wave will not actually start until the next halving and that the most significant price movement will be experienced near the end of the decades.
A possible $60,000 floor in 2026, in such a case, would be a regulated correction, and not an entire market collapse.
Accumulation Expected Between 2028 and 2029
The implication of this analysis by Terpin is that the long-term investors, institutions, and sovereign may consider strategic accumulation of Bitcoin in the bottoming period, when exposure is maximized before supply shocks can tighten liquidity once more. Historically, the exponential price expansions have been preceded by a long accumulation period with the scarcity force created by the halving-driven effect of Bitcoin exerting an upward pressure with the demand back.
As the following halving is predicted to decrease the block rewards of Bitcoin again, the forces of scarcity are set to increase. Should the accumulation actually increase two to three years later, the market may observe the same tendencies as previous cycles with post-halving consolidation eventually leading to establishing the grounds of significant price increase.
Market Caution Remains Despite Bullish Long-Term View
Nevertheless, volatility is not rejected in the perspective of Terpin. Even a bottom of about $60,000 would still imply that Bitcoin needs to absorb macroeconomic changes, regulatory modifications and evolving investor behavior. The growing institutional interest, the growing spot ETF markets and the growing perception of Bitcoin as a strategic asset might also impact the timing and magnitude of the price corrections.
In the meantime, the forecast supports one of the long-held hypotheses among market observers, namely that the value of Bitcoin can change over the short run, yet structural demand and supply limits will persist in supporting long-term growth opportunities. According to the forecast by Terpin, 2026 might not be a top or a crash year, but a turning point to serious investors who would be ready to take the initial step into the next big growth of the market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Mining Heads To Space With NVIDIA Partnership
The crypto world just witnessed one of its boldest announcements yet. NVIDIA CEO Jensen Huang revealed a partnership that pushes mining far beyond Earth. This move introduces a concept that feels straight out of science fiction. Yet it now stands as a serious innovation roadmap. Bitcoin space mining
Coinfomania15m ago
A certain whale opened a short position with 40x leverage after BTC broke through $74,000, with a position size reaching $1.12 million.
Gate News reported that on March 18, according to Hyperinsight monitoring, within the past 10 minutes, after BTC surged over $74,000 in a short period, a whale account starting with 0x8b6 opened a new BTC short position with 40x leverage at an average entry price of $74,050 with a position size of $1.12 million. The whale is currently in a floating loss of $1,300 (-4.3%).
GateNews36m ago
Bitcoin Chart Warns of Major Crash Before Next Rally: How Low Could BTC Go?
Bitcoin price continues to trade near the mid $70,000 region after a steady climb during the past month. The latest BTC price structure shows strength on higher timeframes, though a widely shared chart now raises an uncomfortable question for bulls. The chart suggests that the current Bitcoin c
CaptainAltcoin45m ago
Bitmain, embroiled in controversy, has found its strongest supporter in the United States
Written by: Ryan Weeks, Bloomberg
Compiled by: Luffy, Foresight News
Once viewed by the United States as a national security threat, embroiled in controversies over miner security and remote control, Bitmain is the absolute dominant player in the global Bitcoin mining machine industry. This mysterious Chinese company, after facing White House bans and Department of Homeland Security investigations, unexpectedly formed an important business alliance with Eric Trump, the son of the former U.S. president.
On one side is the Chinese mining machine giant questioned for endangering power grids and military base security; on the other is a Bitcoin company under the Trump family's banner. The two sides have built a super mining farm in Texas and launched major cooperation. This article reconstructs this alliance intertwined with politics and cryptocurrency, revealing how Bitmain reversed course from America's "blacklist" and became one of the most critical business partners of the Trump family. Below is the full translation:
Mining Empire: The Mysterious and Monopolistic Bitmain
PANews51m ago
QCP: BTC Oscillates Near $74,000; Multi-Country Central Bank Rate Decisions Key This Week
QCP Capital analysis indicates that BTC price is maintaining around $74,000, with a lack of upward momentum. Although the overall crypto market remains under pressure, the declines are relatively controlled. Central bank policy meetings throughout the year will influence the market, as high oil prices have lowered expectations for rate cuts, and the interest rate environment has weakened support for crypto assets. Until policy and geopolitical situations become clearer, a volatile pattern may continue.
GateNews53m ago
OpenSea CEO responds to Vanity Fair controversy: wife developing independently, team will focus on long-term growth
OpenSea CEO Devin Finzer, responding to the Vanity Fair controversy, stated that despite external criticism, the team continues to develop and focuses on products that users love. He emphasized that the crypto industry is still in its early stages and will become integrated into daily life in the future, noting that the report misunderstood the industry.
GateNews54m ago
